Bitcoin's October 2025 Nominal Peak Surpasses $126,000, Inflation-Adjusted Price Below $100,000
Bitcoin reached a nominal high above $126,000 in October 2025. However, when adjusted for inflation using 2020 dollars as the baseline, the peak is calculated at $99,848. This adjustment accounts for approximately 24% inflation in the U.S. from 2020 to 2025, a period marked by the Federal Reserve's Covid-era stimulus efforts.
At the time of reporting, Bitcoin's price was around $87,842.41. The inflation-adjusted analysis, authored by Alex Thorn, Galaxy Digital's global head of research, provides a more nuanced comparison of Bitcoin's value across years by distinguishing between nominal and real prices.
The use of 2020 as the reference year reflects the onset of significant monetary policy measures by the Federal Reserve in response to the pandemic. This inflation adjustment has implications for market perspectives: bulls might see the nominal high as less speculative and anticipate further gains, while bears may question Bitcoin's role as an inflation hedge, suggesting gold as an alternative store of value.
